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20121201
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Search Results 0 to 13 of about 14 (some duplicates have been removed)
with the president and joins us from hawaii. >> they can still talk, right? true. but the people who matter are not. perhaps the lines of xhoukz are open between the white house and senate democrats. but the white house at this point is not in discussion with not only speaker john boehner but the senate minority leader, mitch mcconnell and perhaps because of that, you have some of that pessimism of senator liberman being shared by republicans. >> when i listen to the president, i think the president is eager to go over the cliff for political purposes and sees a political victory at the bottom of the cliff. gets additional tax revenue, gets to cut the military which democrats have been calling for for years and blame republicans for it. >> now, all eyes are now on the senate, which will reconvene on thursday. seen as likely that president obama will head back to washington from hawaii here. senate minority leader harry reid has the task of trying to conjure up something that might be able to pass the house in addition to the senate publicly. the white house is saying they want tax rates to remain i
their profits. >>> president obama's in hawaii today where he and the first family will spend christmas. but the president says he will return to the white house after the holiday to continue working on a deal to avoid the fiscal cliff. joining me now, white house editor from politico, rachel smolkin. good to see you. >> good to see you. >> holiday red there, rachel. i will begin with you. is there any realistic timetable where a deal gets done beforian 1? look at the calendar. >> there's a realistic timetable but not an optimistic timetable. not a lot of holiday cheer going on in the nation's capital. after the stunning is heback speaker boehner suffered this week in the house where he could not get his own plan through. had to pull it and because he didn't have the votes. we saw president obama acknowledge yesterday before leaving for his vacation that the deal would -- would dramatically narrow. the parameters of a deal, scope of any possible deal, much smaller than we were looking at even a week ago. he said he would still be open to the big deal but the reality is we are running ou
tonight's cbs primetime lineup. we have hawaii five-0, at 10:00, followed immediately by eyewitness news at 11:00. >>> more ahead on wjz at 4:30. >>> still trying to come up with ways to keep a massive round of spending cuts from kicking in at the end of the year. we'll update the talks on the fiscal cliff. >>> we couldn't see this happening. meant to be a prank call. >> more of the emotional apology from the two australian d.j.s, who pulled a royal prank that ended in the death of a nurse. >>> and she's considered to be the diana ross of mexican music. the tragic plane crash that killed a popular singer. eyewitness news at 4:00 continues with denise after this. you know how much grandma wanted to be here for your fist christmas? you see grandma lives waaaay down here and you live way up here. brian, your cousin, he's a little bit older than you he lives here, in chicago. and your aunt lisa lives here in baltimore. uncle earnie? waaay out in hawaii. but don't you worry we will always be together for christmas. [ male announcer ] being together is the bes
to tell you, a few minutes ago, president obama landed in hawaii, 72 degrees there was the temperature on the ground. certainly warmer than it is in washington, certainly warmer than the political climate that president obama left behind here here in washington. it was a strip down agreement. he basically is saying we have to come up with some solution to help the majority of american taxpayers while we still avoid coming up with the majority of the details for what was supposed to help us avoid the fiscal cliff. it would ensure tax rates would not go up for 98% of americans, it would also ensure that unemployment benefits would be extended for about 2 million americans who would lose them otherwise if we went over the fiscal cliff. finally, it would work to lay the groundwork for the larger reform. so if we're looking for specific details here, not a whole lot of them. this is coming up with almost an emergency solution. we know that president obama did speak by phone with speaker john boehner yesterday, met at the white house with democrat harry reid. however, publicly what is being
's. there has been a loss here in the senate. the senator from the hawaii, daniel inouye at 88 years old passed away yesterday. that will likely cause interruption for a few days for memorial services next couple weeks. whether for the president and most members of congress to go to hawaii or for the late senator to lie in state at the capitol, all things would cut up more time, meaning in all likelihood, if they find an agreement that could be considered real they would have to give themselves a little bit of overtime and pass one of the legislative vehicles that essentially stops the clock to take it into new year's. that was not the plan. that is why they put together what was called sequester so they would be forced to put a legislative gun to their heads to make a deal. looks like they may give themselves a little bit of after school study time. bill: we'll see how that pays off. carl cameron leading our coverage. thank you, sir. martha: the bottom line really does this deal begin to address the economic problems that exist in this country? stuart varney, the anchor of "varney & company" o
and it's an awful thing. >> he had a little baby and he also got married in hawaii on october 7th. there's some lovely pictures from the wedding here. looked an amazing event. >> it was lovely. i cried for two days. that's all i did. look at me. i'm crying there. there's little pearl. i'm crying there. that's all i did. >> he's a lovely guy, jack. >> look at me. >> i know. you never stop booing the whole time, did you? >> pathetic. >> ozzie looks almost genteel these days. what happened to the wild man? smart, hair slicked back. >> didn't he look lovely? >> he's not trying to bite the baby, is he? >> she's trying to bite him. >> that must have been a very special day, after all you have been through with jack, to be able to be there on his wedding day. >> all that he had been through that year was amazing and it was just a time, you know, you say your wedding is the most important day and to the day i die, i only have amazing feelings and thoughts of that day. >> let's turn to perhaps not such good thoughts. america's got talent. so i left to come here and do this show and thought leavin
, but obama always has his vacation delayed. i was covering the president a couple years ago and my hawaii trip got delayed a couple days. life went on. >> you were not happy. >> i was, you know, i was not happy, it's true, craig. >> what's your headline, sir? "markets down, party trade blame as fiscal cliff talks fail." >> you're so gloom and doom. >> republicans don't see themselves as unruly kids and don't see obama as a wise principal, contrary to what ari was saying earlier. >> what do you think it's going to take at this juncture to get a deal done? >> i think you have to have the president show some leadership and show an actual balanced package that includes some entitlement reforms and have the muscle with his own caucus to bring that about. >> do you think it would be a advantageous to do it himself or leave it to the staffers? >> i think republicans in congress work better with vice president biden than president obama in these sorts of negotiations. >> america's happy warrior could be ruled out. what's your headline, good sir? >> unfortunately like past headlines, "in a jobs cr
-bye to hawaii senator daniel inouye. there's a special memorial service. the senate chaplain will deliver a sermon and you see president obama wiping tears from his eyes. he was the second longest serving senator in history. he served hawaii since 1959. that's where president obama grew up so he's well familiar with daniel inouye. he was awarded medal of honor after losing an arm in world war ii. it was at a hospital in recovery that he met bob dole. senator inouye was 88 years old. [ bell tolling ] [ bell tolling ] >> i am resurrection and i am life says the lord. whoever has faith in me shall have life even though he died, and everyone who has life and has committed himself to me in faith shall not die forever. bayer aspirin was the first thing the emts gave me. now, i'm on a bayer aspirin regimen. [ male announcer ] be sure to talk to your doctor before you begin an aspirin regimen. [ woman ] learn from my story. [ nyquil bottle ] just reading your label. wait...you relieve nasal congestion? sure don't you? [ nyquil bottle ] dude! [ female announcer ] tylenol® cold multi-symptom night
in places like california and hawaii because of land use laws from the 1960's. second, if you look to the community reinvestment act, if you think that is the cause of the bubble, you have to explain why there was not a bubble in houston, raleigh, n.c., that winter? -- atlanta? it applied to those cities just as much as san francisco and miami, yet there were bubbles there and no balls in houston, omaha, -- bubbles in houston, ohio, -- global hawk, where have you. host: you conclude the book with "home ownership is not just an american dream, a dream of people all over the world. guest: that is absolutely right. a lot of research has shown that homeownership is one way to help people get out of poverty. if you want to start a small business, it turns out most are started with a loan on a business owner's home. if you want to put your kids through college, you can borrow against your home. homeownership is a way to build wealth. yet we have government saying we should get more people into apartments, fewer people into cinder the -- single-family homes. host: what is the track over l
ever have your mustache slashed. >> never trust a black man unless he's born in hawaii without a mustache. >> gene robinson, do you concur? >> is any mustache safe in the world these days? i'm scared. i'm scared. >> i don't think it is. well, congressman, how are we doing in this effort to avoid the fiscal cliff? do you think it may -- we're encouraged around here at least that the president and john boehner are going to be talking face to face. >> are we naive? >> a little bit. >> sad without a second's hesitation. >> wow! >> look, it's a simple deal, but the circumstances are not simple. and i think we're going to get a deal, on my optimistic side, we're going to get a deal. my pessimistic side is it may be later. we may do something between now and january 1st, but there is no way we're going to do what needs to be done between now and december 31st. >> is that a good thing in terms of doing the longer term? >> we've got to deal with the payroll tax, or many americans are going to end up losing about $1,000 to $1,500 a year out of their checks. we've got to figure out how to
saved on at least $2,000 with this deduction. on the flip side, borrowers in washington, d.c., hawaii and california, they're getting the biggest tax benefit in the $3,000 to $4,000 range. new york and new jersey are also way up there, thanks to high home values and income. and i'm noting them because these two states need home buyers, desperately. they have some of the biggest backlogs of distressed properties and need buyers in there absorbing that distress. taking away the deduction takes away one more reason to buy. $2,000 to $5,000 a year is a big savings. but we have to keep this in perspective. you only get the deduction if you itemize an only about one-third of americans do itemize. just 27% taking the deduction. and i want to note one other thing, older americans, 54% of families ages 55 to 64 are carrying mortgage debt. that's way up from 37% in 1989, because during the housing crash they were unable to move. so that's going to hit them hard as well. especially for the next several years. melissa? >> some very interesting figures. diana, thanks for that report. back at headq
of minutes. in the meantime -- >> they are gentlemen. >> in the meantime, the president is in hawaii on vacation. washington lawmakers are on holiday. there's still no deal to avoid the fiscal cliff. the deadline is a week away. hampton pearson is in washington on the stalemate. >> as early as the day after christmas, congress and the white house will have to start to deal with what president obama called the real consequences of going over that fiscal cliff. >> nobody can get 100% of what they want. and this is not simply a contest between parties in terms of who looks good and who doesn't. there are real world consequences to what we do here. >> a short-term deal won't just focus on tax rates. the end of the payroll tax cut and the impact of the hike in the minimum tax on january 1st. over the weekend, we did hear from some republican moderates who say it may in fact be time to make some kind of a move. >> the president's statement is right, no one wants taxes to go up on the middle class. i don't want them to go up on anybody. but i'm not in the majority in the united states senat
. the president can step up and say hey, i don't want to go over the cliff. harry reid can come back from hawaii and actually go back to work. we can make that happen. we don't have to raise tacks on anyone. but what we know what we have to do is actually focus on the problem. and i think most americans are starting to understand, washington is trying to convince us that they're not taxing enough. everybody knows $1.3 trillion deficit is not a tax problem. >> congressman, again, i agree with you, but we also live, if you see "lincoln" or see what's happened over the past 200 years, we live in a divided government. that's our constitutional republic. and there are going to be tax increases. and if you do nothing, there are going to be tax increases on january the 1st. wouldn't you rather shape it than just let taxes go for everybody on january the 1st? >> that's a great question for december 31st. and that might happen. but again, where are the spending reductions? where are the entitlement reforms out of harry reid and the president of the yaunited states? i disagrees with boehner caving on taxe
Search Results 0 to 13 of about 14 (some duplicates have been removed)